Edgewater church plans to sell two-acre waterfront lot CPAC nearly triples investment on retail asset

CPAC sells Palm Johnson Plaza for $8.45 million

Pembroke Pines, Fla. — Continental Properties Acquisition Corporation (CPAC) has sold Palm Johnson Plaza, a 90,000-square-foot retail center located in Pembroke Pines, for $8.45 million.

A Miami-based private investment group purchased the center. Prior to sale, CPAC completed a repositioning program including parking lot upgrades, landscaping and new tenant build outs. Tenants of the center include anchor Winn-Dixie and junior anchor Planet Fitness.

Tenants of Palm Johnson Plaza include anchor Winn-Dixie and junior anchor Plant Fitness.